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Ashland Executive Compensation (FY25)

ASH · Wilmington, DE · Executive and director compensation, fiscal 2022 to 2025

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Data as of September 7, 2026Latest filing (8-K): January 22, 2026
12 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Ashland brief$1,500Get the executive brief
213 figures on this page: 203 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Guillermo Novo
Median of the other named officers
$1,915,000
6 officers, excluding the chief executive
Latest say-on-pay support
=
January 20, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2022 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Guillermo Novo: $9,317,202 → $7,907,423 (15.1% lower)
Say-on-pay support: 97.6% → 96.7% (0.9 points lower)
CEO pay ratio: 117:1 → 83:1 (29.1% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Ashland's chief executive and what were they paid?
Guillermo Novo was paid $7,907,423 in total compensation as Chair of the Board and Chief Executive Officer for fiscal 2025. Novo's total moved 15.1% lower from the $9,317,202 reported for fiscal 2022.
What was Ashland's say-on-pay result?
Shareholders supported the say-on-pay proposal with 96.7% of votes cast for or against in favor at the meeting held January 20, 2026 for fiscal 2025.
What is Ashland's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 83:1, against median employee compensation of $95,293.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Guillermo Novo
Chair of the Board and Chief Executive Officer
◇—◇—◇—◇◇
J. Kevin Willis
Senior Vice President and Chief Financial Officer
◇—◇—◇◇◇◇†
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Guillermo Novo
Chair of the Board and Chief Executive Officer
◇—◇—◇—◇◇
J. Kevin Willis
Former Senior Vice President and Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
William Whitaker
Senior Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Alessandra Faccin Assis
Senior Vice President and General Manager, Life Sciences and Intermediates
◇—◇—◇—◇◇
Osama Musa
Senior Vice President and Chief Technology Officer
◇—◇—◇—◇◇
Karl Bostaph
Former Senior Vice President Operations
Departed during or after this year
◇—◇—◇—◇◇
James Minicucci
Senior Vice President and General Manager, Personal Care
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Alessandra Faccin AssisPSU◇◇◇—◇—◇
Guillermo NovoPSU◇◇◇—◇—◇
J. Kevin WillisPSU◇◇◇—◇—◇
James MinicucciPSU◇◇◇—◇—◇
Karl BostaphPSU◇◇◇—◇—◇
Osama M. MusaPSU◇◇◇—◇—◇
William WhitakerRSU◇——◇——◇
William WhitakerPSU◇◇◇—◇—◇
William WhitakerPSU◇◇◇—◇—◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Karl BostaphPSU◇◇——
RSU◇◇——
Option◇—◇—
RSU◇◇——
William WhitakerOption◇—◇—
RSU◇◇——
RSU◇◇——
PSU◇◇——
J. WillisOption◇—◇—
PSU◇◇——
Option◇—◇—
Option◇—◇—
RSU◇◇——
Guillermo NovoRSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇—
Osama MusaOption◇—◇—
Option◇—◇—
RSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
RSU◇◇——
James MinicucciRSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Susan L. Main
Lead independent director
◇◇————◇
Suzan F. Harrison
◇◇————◇
Jerome A. Peribere
◇◇————◇
Sanat Chattopadhyay
◇◇————◇
Scott A. Tozier
◇◇————◇
Ashish K. Kulkarni
◇◇————◇
Steven D. Bishop
◇◇————◇
Guillermo Novo served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025January 20, 2026=◇◇◇
2024January 21, 2025=◇◇◇
2023January 23, 2024=◇◇◇
2022January 24, 2023=◇◇◇
2021January 25, 2022=◇◇◇
2020January 28, 2021=◇◇◇
2019January 30, 2020=◇◇◇
2018February 8, 2019=◇◇◇
2017January 25, 2018=◇◇◇
2016January 26, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Ashland disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
213 figures on this page: 203 cited to the filing that reported them, 10 calculated from figures it prints.
203 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001193125-26-019509
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-25-312753
    CEO Pay Ratio
  3. 0000950170-25-007842
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000950170-24-007993
  5. 0000950170-23-001307
  6. 0001193125-22-299374
    Summary Compensation Table
  7. 0000950170-22-000508
  8. 0001564590-21-004018
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001564590-20-002943
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001564590-19-002805
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001674862-18-000003
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001674862-17-000008
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Ashland executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ASH (accessed 2026).
Short form: data: Velarion

The Ashland brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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